Retirement Systems of Alabama Sells 536 Shares of United Rentals, Inc. (NYSE:URI)

Retirement Systems of Alabama reduced its stake in United Rentals, Inc. (NYSE:URI) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,976 shares of the construction company’s stock after selling 536 shares during the quarter. Retirement Systems of Alabama’s holdings in United Rentals were worth $35,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of United Rentals in the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in United Rentals during the 3rd quarter worth approximately $31,000. Carmichael Hill & Associates Inc. raised its stake in United Rentals by 80.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after acquiring an additional 20 shares during the period. Hanson & Doremus Investment Management purchased a new position in United Rentals during the fourth quarter valued at approximately $33,000. Finally, HM Payson & Co. bought a new position in shares of United Rentals in the third quarter worth approximately $41,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

United Rentals Trading Down 2.2 %

Shares of NYSE URI opened at $737.27 on Thursday. United Rentals, Inc. has a fifty-two week low of $596.48 and a fifty-two week high of $896.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market cap of $48.15 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.52 and a beta of 1.68. The business’s 50 day moving average price is $757.46 and its 200-day moving average price is $769.69.

United Rentals (NYSE:URI) last released its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing analysts’ consensus estimates of $11.65 by ($0.06). United Rentals had a return on equity of 34.21% and a net margin of 16.78%. On average, sell-side analysts expect that United Rentals, Inc. will post 46.09 earnings per share for the current year.

United Rentals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $1.79 dividend. This represents a $7.16 annualized dividend and a yield of 0.97%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Wednesday, February 12th. United Rentals’s payout ratio is 16.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on URI shares. Truist Financial restated a “buy” rating and set a $956.00 price objective (down from $963.00) on shares of United Rentals in a research report on Friday, January 31st. Argus boosted their price objective on United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird raised shares of United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 price objective for the company in a report on Tuesday, January 14th. Barclays lifted their target price on United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Finally, Morgan Stanley reduced their target price on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, United Rentals currently has an average rating of “Moderate Buy” and an average price target of $814.08.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.